The global Immunoassay Market was valued at USD 28.0 billion in 2021 and it is anticipated to grow further up to USD 46.3 billion by 2031, at a CAGR of 5.2% during the forecast period.
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A test known as an immunoassay uses an antibody or immunoglobulin to measure the concentration of a macromolecule in a solution. The analyte is the term for the discovered large molecule. For medical and scientific purposes, immunoassay is used to measure the number of analytes in serum and urine.
To guarantee the correctness of the results acquired, it is also utilized in qualitative, quantitative, and radioactivity procedures. Immunoassays with high specificity and sensitivity are utilized to speed up the reactions.
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Market Trends and Drivers
The rise in chronic and infectious disorders, especially the COVID-19 outbreak, is responsible for the market expansion. Growth will also be aided by the increase in the elderly population, who are more susceptible to infections and chronic diseases.
The widespread use of immunoassay techniques in illness diagnostics is a result of a rise in the incidence of chronic ailments such cancer, infections, cardiovascular diseases, autoimmune diseases, diabetes mellitus, and nephrological diseases. The prevalence of cancer is gradually rising, which is anticipated to increase need for efficient diagnostic tools like immunoassay. This method is important for determining oncogenesis and diagnosing cancer in all of its forms, including benign and malignant cancer.
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Global Immunoassay Market Segmentation
By Technology
- ELISA
- Fluorescence
- Colorimetric
- Chemiluminescence
- Rapid Test
- Western Blot
- ELISPOT
- PCR
By Product & Service
- Reagents & Kits
- Analyzers
- Software Services
By Application
- Infectious Diseases
- Endocrinology
- Cardiology
- Oncology
- Hematology
By End User
- Hospitals
- Clinical Laboratories
- Blood Banks
- Academic Research Centers
- Pharmaceutical Companies
- Biotechnology Companies
- Others
Major Players in the Global Immunoassay Market
The key players studied in the global immunoassay market are Roche Diagnostics Limited, Siemens Healthcare, Abbott Laboratories, Beckman Coulter, Ortho Clinical Diagnostics, BioMrieux, Bio-Rad Laboratories Inc., Sysmex Corporation, and Becton, Dickinson & Company among others.
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